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ICAEW Joins Forces with SC Malaysia to Boost Sustainability Expertise and Drive Eco-Friendly Initiatives
The Institute of Chartered Accountants in England and Wales (ICAEW) has partnered with the Securities Commission Malaysia (SC) to enhance sustainability disclosures in capital markets. This collaboration aims to build expertise in areas such as climate-related financial disclosures and greenhouse gas emissions reporting. ICAEW will conduct specialized training, including a workshop at the ASEAN Capital Markets Forum on February 14, 2025, covering critical topics like IFRS S1 and S2 standards and global climate regulations. This initiative aligns with Malaysia’s upcoming ASEAN Chairmanship in 2025, emphasizing the importance of sustainability for resilience and innovation in the financial sector.
Unlocking Enterprise AI: How expert.ai is Revolutionizing Explainability for the Future
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Abound’s $1 Billion Deal: The Sole Silver Lining Amidst UK FinTech Funding Halving in 2024
In 2024, the UK FinTech industry experienced a significant decline, with funding dropping to $7 billion—a 54% decrease from $15.3 billion in 2023—and deal activity halving to 323 deals. This downturn reflects a more cautious investment climate, with investors prioritizing sustainable growth over rapid expansion. The average deal value also fell to $18.5 million. Amidst this backdrop, Abound, a credit technology firm, secured the largest UK FinTech deal of the year, raising $1 billion to support its growth and innovative AI technology that customizes loan repayment plans. The sector must now focus on operational efficiency to attract future investments.
Zurich Insurance Partners with Zeekr Hong Kong to Revolutionize EV Insurance Solutions
Zurich Insurance is launching a tailored insurance plan for Zeekr electric vehicle (EV) owners, emphasizing sustainability and innovation. This collaboration aims to address the specific needs of eco-conscious consumers, offering unique features such as battery insurance, roadside assistance for charging issues, and customizable coverage options. Zurich, known for its global insurance products and commitment to sustainability, partners with Zeekr, a premium EV manufacturer under Geely, to enhance the driving experience for electric vehicle owners. This initiative reflects a growing trend in cross-industry partnerships focused on sustainable solutions in the FinTech and mobility sectors.